Singer deletes all Instagram photos except those with Flavour

    Apparently, Chidinma is trying to tell her 1.6million followers that her relationship with Flavour has blossomed into something else.
The ' Kedike ' crooner has been in the news recently following her 'friendship' with Flavour. Remember, when the duo were about to release a new song, Flavour posted a cuddled up photo that got people talking with speculations if they were dating.
Now, the ' Kedike ' crooner seems to have confirmed the question on everyone's lips... are the both of them dating?
Recall that back in May while on MTV Base’s “ Real Talk ” with Ehiz , she addressed the dating rumours where she confirmed it in a stylish sort of way .
When asked if she had any feelings for Flavour of Africa, the singer replied with NO twice before saying YES after a brief pause leaving the presenter confused.
Meanwhile, back in May the ' Golibe ' singer put relationship rumours to rest when he told
Soundcity TV the duo are just friends. " Chidinma is just my friend. Our strong vibe comes from how deep we feel about music, " he said.
On that infamous video of them kissing in ' Ololufe ' and on stage, he had this to say, " Most times you do a video and you want it to look real. We are not the first people. Over there you see lap dances and others. Are you feeling it?
It would be so nice to remind the diva Flavour is already a father to two kids from two different beauty queens.
Flavour himself openly revealed he's not getting married soon  and is only interested in making babies.
According to the father of two, ' No successful musician can have a good home. "
Flavour who has two little girls from two Nigerian beauty queens said, "Most of my colleagues whenever they get married their careers start crashing down. I keep asking people have you ever seen a successful musician having a good home and a good career? It's not going to be easy you know. "
Flavour welcomed his first daughter, Muna with beauty queen, Sandra Okagbue in 2014.
Although rumours have revealed that Flavour had allegedly married Okagbue in Onitsha on December 28  , neither of the pair have released any statement confirming the story.
Flavour's second baby mama, ex MBGN beauty queen (2010), Anna Banner delivered his second daughter  , Sophie on August 6, 2015.
Meanwhile, Flavour and Chidinma have been seen every where together this year.
Source _pulse

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25-yr-old woman bathed with acid for accepting a marriage proposal

    Ogochukwu Nwosu, has been bathed with acid  by an attacker suspected to be a jealous wife.
According to Punch. Nwosu who is currently in a critical condition at the Lagos University Teaching Hospital (LUTH), Idi-Araba, Lagos State, was
doused with the substance  at the Ilasa bus stop along the Oshodi-Apapa Expressway, by a man who jumped down on a motorcycle.
It was gathered that Nwosu was at the bus stop waiting for a bus when a man jumped down from the motorcycle, poured acid on her and jumped back on the motorcycle and fled the scene.

The victim was thereafter rushed to the hospital by good Samaritans where it was discovered that she sustained severe burns on her face, neck, breasts and other parts of her body.
Narrating her experience on her hospital bed, Nwosu said she suspected the wife of the man who proposed marriage to her, whom she identified as Mrs. Chidi , as the culprit.
Nwosu further alleged that the woman had been threatening her on the telephone and through text messages after she learned of her husband’s intention to get a second wife.
“On Thursday, I had closed from Computer Village where I work. Around 8pm, when I reached Ilasa bus stop, I dropped off the bus.
I was about to cross to the other side of the road when a man dropped from a motorcycle and poured something on me.
He immediately fled on the motorcycle. People came to my rescue and took me to the hospital.
I suspect Mrs. Chidi because she had been threatening me before the incident. And while I was on admission at the hospital, she called and spoke with my brother, saying that was just the beginning."
The woman, according to the victim, was arrested by policemen attached to the Itire Police Division, and detained for two days at the State Criminal Investigation and Intelligence Department (SCIID), Yaba, before she was released on bail.
The State Police Public Relations Officer (PPRO),
SP Dolapo Badmos , who confirmed the incident, explained that Mrs. Chidi was released on bail because she could not be directly linked to the attack.

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Wizkid wins Best African Act ‘MTV EMAs

Wizkid has added another award to his collection .He won Best Africa Act at the MTV Europe Music Awards .

He beat nominees Olamide (Nigeria), Alikiba (Tanzania), Black Coffee (South Africa) and Cassper Nyovest (South Africa)

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See full list of Afrima Winners

 

 ALL Africa Music Award (AFRIMA) ceremony has held  in Lagos, Nigeria yesterday Sunday November 6, 2016.
See list of winners below

All Africa Music Awards Best African Collaboration

    Ahmed Soultan ft. Femi Kuti, Fred Wesley, Pee Wee Ellis, Mehdi Nassouli – Afrobian (Morocco)
    Amine Aub & Masta Flow – Feel the Same (Morocco)
    Amine Aub ft Papa Wemba and DJ Youcef – Kanya Ma Kan (Morocco)
    Eddy Kenzo Ft. Niniola – Mbilo Mbilo remix (Uganda) – Niniola – WINNER
    Flavour Ft Selebobo – Mmege Mmege (Nigeria)
    Francois Van Coke ft. Arno Carstens – Ek Weet Nie (South Africa)
    Okyeame Kwame Ft Mzvee – Small Small (Ghana)
    Sarkodie ft Pat Thomas – Bra (Ghana)
    Tiwa Savage ft Dr. Sid – If I Start to Talk (Nigeria)

Best Artiste/Duo/Group In African Electro

    Black Coffee – Come With Me (South Africa)
    DJ Maphorisa – Soweto Baby (South Africa)
    Djeff Afrozila – So Blessed (Angola)
    Hatim Ammor – Alawal (Morocco)
    Mi Casa – Barman (South Africa)
    Renato Xtrova – Love Affair (Angola)
    Such – You (Zimbabwe) – WINNER

All Africa Music Awards Best African Jazz

    Bokani Dyer – Vuvuzela (South Africa)
    Carmen Souza – Cape Verdean Blues (Cabo Verde)
    Jimmy Dludlu – Ha Deva (South Africa) – WINNER
    Kunle Ayo – Happy to Know You (Nigeria)
    Moreira Chonguica – Ngoma (Mozambique)
    Oum – Ah Wah (Morocco)
    Ray Lema Quintet – Head Bug (Democratic Republic of Congo)

Best Artiste/Duo/Group In African Reggae, Ragga & Dancehall

    Agende – Ziza Bafana (Uganda)
    Anteneh Minalu – Wayo (Ethiopia)
    Cindy Sanyu – Still Standing (Uganda)
    Dufla Diligon ft Cindy Sanyu – Tempo (Kenya)
    Montess – In Love with A Gun (Cameroon)
    Patoranking – No Kissing Baby (Nigeria) – WINNER
    Stonebwoy – Go Higher (Ghana)
    T-Smallz – Guewel (Gambia)

Best Artiste/Duo/Group In African Hip-Hop

    AKA – Composure (South Africa)
    CiCi Bala – Lebanta (Botswana)
    E.L – King Without a Crown (Ghana)
    H-Name – Wach Rak Nachet? (Morocco)
    Jizzle – Man of the Year (Gambia)
    Jovi – Zélé (Cameroon)
    Sarkodie –Hand to Mouth (Ghana)
    Stanley Enow – Work Hard (Cameroon) – WINNER
    YCEE – Omo Alhaji (Nigeria)
    Zona 5 – Pablo (Angola)

Best Artiste/Duo/Group In African RnB & Soul

    Aramide – I Don’t Care (Nigeria)
    Butera Knowless – Konashize (Rwanda)
    Henok & Mehari Brothers – Ewèdi Shalèhu (Ethiopia) – WINNER
    Iyanya – Type of Woman (Nigeria)
    Kiss Daniel – Mama (Nigeria)
    Korede Bello ft Tiwa Savage – Romantic (Nigeria)
    Lira – Let There Be Light (South Africa)
    Niniola – J’ètè (Nigeria)
    Ric Hassani – Gentlemen (Nigeria)
    Sidikiba Diabaté – Fais Moi Confiance (Mali)
    Tjan – Aduke (Nigeria)
    Zonke – Reach It – (South Africa)

 
Special Recognition Award- King Sunny Ade (Nigeria)
Special Recognition Award- Papa Wemba (Congo)


Songwriter of the Year In Africa

    Bulelwa Mkutukana -Imali (Zahara, South Africa)
    Eddy Kenzo & Niniola – Mbilo Mbilo (Eddy Kenzo & Niniola, Uganda)
    Hatim Ammor – Alawal (Hatim Ammor, Morocco)
    Kwame Nsiah Apau – Small Small (Kwame Okyeame ft Mzvee, Ghana)
    Lerato Molapo – Let There Be Light (Lira, South Africa)
    Naseeb Abdul Juma – Utanipenda (Diamond Platnumz, Tanzania)
    Olawale Ashimi – In the City (Brymo, Nigeria)
    Sidikiba Diabaté – Fais Moi Confiance (Sidikiba Diabate, Mali)
    Theo Kgosinkwe and Nhlanhla Nciza – Colours of Africa (Mafikizolo, Diamond, DJ Maphorisa, South Africa)
    Unique – Njogereza (Navio, Uganda) – WINNER

Producer of the Year

    DJ Coublon – Duro (Tekno, Nigeria)
    DJ Maphorisa – Soweto Baby (DJ Maphorisa Ft Wizkid & DJ Buckz, South Africa)
    DJ Van – #Woman (DJ Van & Tyrane, Morocco)
    Don Jazzy – If I Start To Talk (Tiwa Savage, Nigeria)
    Fortune Dane – Hand To Mouth (Sarkodie, Ghana)
    Kuseim – Mbilo Mbilo remix (Eddy Kenzo Ft Niniola, Uganda) – WINNER
    Masterkraft – Finally (Masterkraft Ft Flavour & Sarkodie, Nigeria)
    Sidikiba Diabaté – Fais Moi Confiance (Sidikiba Diabaté, Mali)
    Yung John – Baba Nla (Wizkid, Nigeria)

All Africa Music Awards Revelation of the Year

    Amine Aminux – Makayen (Ma Morocco)
    E.L – King Without a Crown (Ghana)
    Emtee – Roll Up (South Africa)
    Falz – Bad Baddo Baddest (Nigeria) – WINNER
    Simi – Love Don’t Care (Nigeria)
    Yamato Band – Cheza Kwa Madoido (Tanzania)
    Zani Challe ft. Patoranking – Single Tonight (Malawi)

Song of the Year In Africa

    Alawal – Hatim Ammor (Morocco)
    Duro – Tekno (Nigeria)
    Fais Moi Confiance – Sidikiba Diabaté (Mali)
    Final (Baba Nla) – Wizkid (Nigeria)
    If I Start to Talk – Tiwa Savage (Nigeria)
    Imali – Zahara (South Africa)
    Mbilo Mbilo remix – Eddy Kenzo (Uganda)
    Njogereza – Navio (Uganda)
    Small Small – Okyeame Kwame ft Mzvee (Ghana)
    Soweto Baby – DJ Maphorisa Ft Wizkid & DJ Buckz (South Africa)
    Utanipenda – Diamond Platnumz (Tanzania) – WINNER

Album of the Year

    Ahmed Soultan – Music Has No Boundaries (Morocco) – WINNER
    C4 Pedro – King C.K.W.A (Cameroon)
    Mi Casa – Home Sweet Home (South Africa)
    Sauti Sol – Live and Die in Afrika (Kenya)
    Sidikiba Diabaté – Diabateba Music Vol. 1 (Mali)
    Tiwa Savage – R.E.D (Deluxe Edition) (Nigeria)
    Yemi Alade – Mama Africa (Diary of An African Woman) (Nigeria)
    Zahara – Country Girl (South Africa)
    Zonke – Work of Heart (South Africa)

Artiste of the Year

    Black Coffee – Come With Me (South Africa)
    Diamond Platnumz – Utanipenda (Tanzania)
    Eddy Kenzo – Mbilombilo Remix (Uganda)
    Hatim Ammor – Alawal (Morocco)
    Navio – Njogereza (Uganda)
    Sarkodie – Hand To Mouth (Ghana)
    Sidikiba Diabaté – Fais Moi Confiance (Mali)
    Tekno – Duro (Nigeria)
    Tiwa Savage – If I Start To Talk (Nigeria)
    Wizkid – Final (Baba Nla) (Nigeria) – WINNER
    Zahara – Imali (South Africa)






Video of the Year

    Come With Me – Stacey Lee (Black Coffee Ft Mque, South Africa)
    Dogo Yaro – Pascal Aka (VVIP Ft Samini, Ghana) – WINNER
    Ek Weet Nie – Hunter Kennedy (Francois Van Coke Ft Arno Carstens, South Africa)
    Gentleman – Mex (Ric Hassani, Nigeria)
    King Without a Crown – Phamousphilms (E.L., Ghana)
    Mbilo Mbilo remix – Mex (Eddy Kenzo ft Niniola, Uganda)
    Mmege Mmege – Clarence Peters (Flavour ft Selebobo, Nigeria)
    School Your Face – Damola Adelaja (Temi Dollface, Nigeria)

Most Promising Artiste

    Amine Aub – Feel the Same (Morocco) – WINNER
    Antenehminalu – Wayo (Ethiopia)
    Bisa Kdei – Mansa (Ghana)
    Butera Knowless – Konashize (Rwanda)
    Elzo Jamdong – Assiko Flow (Senegal)
    Nuru – All in a Moment (Ghana)
    Ric Hassani – Gentlemen (Nigeria)
    Sat B – Nyampinga (Burundi)

Best Artiste/Duo/Group In African Pop

    Amine Aminux – Makayen Ma (Morocco)
    Amine Aub – Feel the same (Morocco)
    Diamond Platnumz – Utanipenda (Tanzania)
    Jose Chameleone – Agatako (Uganda)
    Tekno – Duro (Nigeria)
    Wizkid – Final (Baba Nla) (Nigeria)



Best Artiste/Duo/Group In African Rock

    Amine Aub & Masta Flow – Kanya Ma Kan (Morocco)
    Dark Suburb ft Wiyaala – Mama (Ghana)
    Francois Van Coke ft Arno Carstens – Ek Weet Nie (South Africa)
    Jano Band – Darigne (Ethiopia)
    Kanyeki – Murata (Kenya)
    Lionel Loueke Trio – Wacko Loco (Benin)
    Loki Rothman – Under the Stars (South Africa)
    M’Vula – Tristezas E Alegrias ( Angola) – WINNER

All Africa Music Awards Best African Group

    Jano Band – Darigne (Ethiopia)
    M’ Vula – Tristezas E Alegrias (Angola)
    Mafikizolo – Colours of Africa ( South Africa)
    Mi Casa – Barman (South Africa)
    Sauti Sol – Live and Die In Afrika (Kenya)
    Toofan – Eledji (Togo)
    VVIP – Dogo Yaro (Ghana) – WINNER
    X-Maleya – Mon Mariage (Cameroon)

Best Artiste/Duo/Group In African Traditional

    Alokè – Gbétoho (Benin)
    Binakoumaré & Madou Diabate – N’djaba (Mali)
    Bioma – Ovedje Ayonuwe (Nigeria)
    Dizu Plaatjies – Inkomo (South Africa)
    Mabiisi – Awine (Ghana & Burkina Faso)
    Stypak Samo – Woyo hoooo (Cameroon)
    Zeynab – Bolojo (Benin) – WINNER

Best Artiste/Duo/Group/Band In African Contemporary

    Adiouza – Daddy (Senegal)
    Ahmed Soultan – Afrobian (Morocco)
    Eddy Kenzo – Mbilo Mbilo Remix (Uganda)
    Flavour – Mmege Mmege (Nigeria) – WINNER
    Okyeame Kwame ft Mzvee – Small Small (Ghana)
    Reniss – La Sauce (Cameroon)
    Tiwa Savage – If I Start To Talk (Nigeria)
    Zahara – Imali (South Africa)

Best Female Artiste in Inspirational

    Evelyn Wanjiru – Nikufahamu (Kenya)
    Mercy Masika – Nikupendeze (Kenya)
    Naomi Achu – Busy Body (Cameroon) – WINNER
    Oum – Ah Wah (Morocco)
    Sinach – Way Maker (Nigeria)
    Yemi Alade – Na Go De (Nigeria)

Best Male Artiste in African Inspirational

    Benjamin Dube – I Know Only You (South Africa)
    Denno Ft Bahati – Story Yangu (Kenya)
    Icha Kavons – Testimony (Democratic Republic of Congo) – WINNER
    Kanyekiz – Murata (Kenya)
    Mike Abdul – Korede (Nigeria)
    Papa Dennis & Rigan Sarkozi Olalo (Kenya)

All Africa Music Awards African Fans Favourite

    D’Banj – Emergency (Nigeria)
    DJ Hamida Ft H Magnum – Pina Colada (Morocco)
    H Magnum ft Black M – Aucun Mytho (Cote d’Ivoire)
    Kiff No Beat – La Vie De Louga (Cote d’Ivoire)
    Maitre Gims Ft Nsika – Sapés Comme Jamais (Democratic Republic of Congo)
    Mr. Bow – Vida Boa (Mozambique)
    Nyashinki – Now You Know (Kenya)
    Phyno Ft Olamide – Fada Fada (Nigeria) – WINNER

REGIONAL CATEGORIES

Best Male Artiste Central Africa

    C4 Pedro – Spetxa One (Angola)
    Ferre gola – Tucheze (DRC)
    Franko – Coller La Petite (Cameroon)
    Jovi – Zele (Cameroon)
    Nelson Freitas – Miuda Linda (Angola)
    Wax Dey – Saka Makossa (Cameroon) – WINNER
    Werasson – Yo Te (DRC)

Best Female Artiste, Central Africa

    Bruna Tatiana – Pometo Mudar (Angola) – WINNER
    Daphne Ndolo – Ndolo (Cameroon)
    Mani Bella – Qui Cherche Tronve (Cameroon)
    Naomi Achu – Busy Body (Cameroon)
    Reniss – La Sauce (Cameroon)
    Syssi Mananga – Juste Un Peu (DRC)

Best Male Artiste, Eastern Africa

    Alikiba – Aje (Tanzania)
    Bebe Cool – Kabulengane (Uganda)
    Diamond Platinumz – Utanipenda (Tanzania) – WINNER
    Eddy Kenzo – Mbilo Mbilo Remix (Uganda)
    Jose Chameleone – Agatako (Uganda)
    Navio – Njogereza (Uganda)

Best Female Artiste, Eastern Africa

    Avril – No Stress (Kenya)
    Cindy Sanyu – Still Standing (Uganda) – WINNER
    Fikeraddis Nekatebeb – Misekir (Ethiopia)
    Irene Ntale – Omukwano Gw’ekilo (Uganda)
    Juliana Kanyomozi – Twalina Omukwano (Uganda)
    Victoria Kimani – Booty Bounce (Kenya)

Best Female Artiste, Northern Africa

    Amal Maher -Ezay Fatetny (Egypt)
    Angham – Wahda Kam La (Egypt)
    Latifa – Ya Hayati (Tunisia)
    Samira Said – Mahassalsh (Morocco)
    Sarah Ayoub – Nachid Al Houb (Morocco)
    Zina Daoudia – La Waheed Wala Million (Morocco) – WINNER

Best Male Artiste, Northern Africa

    Ahmed Soultan – Afrobian (Morroco)
    Ahmed Chawki – Tsunami (Morocco)
    Amir Diab – Al Qahira Cairo (Egypt)
    Ayman Alatar – Fi Galbi Kalam (Libya)
    DJ Van ft Tyrane – #Woman (Morocco) – WINNER
    Hatim Ammor – Alawal (Morocco)
    H-Name – Wach Rak Nachet (Morocco)

Best Female Artiste, Southern Africa

    Lira – Let there be Light (South Africa)
    Lizha James – Chocolate (Mozambique)
    Palu Chihera – Nemoyo (Zimbabwe)
    Sally Boss Madam – Natural (Namibia) – WINNER
    Zahara – Imali (South Africa)
    Zonke – Reach it (South Africa)

Best Male Artiste, Southern Africa

    AKA – Composure (South Africa)
    Anatii & Cassper Nyovest – Jump (South Africa)
    Black Coffee – Come with me (South Africa) – WINNER
    Dizu Plaaties – Inkomo (South Africa)
    DJ Maphorisa – Soweto Baby (South Africa)
    Jay Prayzah – Hello (Zimbabwe)

Best Female Artiste, Western Africa

    Adiouza – Daddy (Senegal)
    Aramide – I don’t care (Nigeria) – WINNER
    Niniola – J’ete (Nigeria)
    Josey – Diplome (Ivory Coast)
    Seyi Shay – Right Now (Nigeria)
    Temi Doll Face – School Your Face (Nigeria)
    Tiwa Savage – If I Start to Talk (Nigeria)Yemi Alade – Na Go De (Nigeria)
    Yemi Alade – Na Go De (Nigeria)

Best Male Artiste, Western Africa

    Brymo – In The City (Nigeria)
    Flavour – Dance (Nigeria) – WINNER
    Okyeame Kwame – Small Small (Ghana)
    Sarkodie – Hand to Mouth (Ghana)
    Sidikiba Diabate – Fais Moi Confiance (Mali)
    Tekno -Duro (Nigeria)
    Wizkid – Final Baba Nla (Nigeria)

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Abdulmumin Jibrin honoured in London.

Suspended legislator of the House of Representatives Abdulmumin Jibrin has added an accolade to his cabinet

The self-acclaimed anti-corruption crusader has been honoured by a London-based newspaper with an African Voice Leadership in Legislative Governance Award.

This is for his commitment to legislative duties and the fight against corruption in Nigeria.

On receiving the award,  Jibrin said it was a morale booster because it is coming at a very difficult and challenging period.

Despised, cursed and rejected by his colleagues at home, loved and appreciated by others outside his fatherland. That’s the story of former House of Representatives Appropriation Chairman, Abdulmumin Jibrin.

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Donald Trump cannot be my President - Jay Z

American rapper Jay Z has declared that he will not vote for US Republican candidate, Donald Trump in tomorrow's presidential election.


At a campaign concert organised for Hilary Clinton in Cleveland, United States, Jay Z urged voters to consider voting for the Democratic candidate who seems a better choice than Trump.

“His (Trump’s) conversation is divisive to me; he cannot be my president.”

The rapper’s view was supported by his wife, Beyonce who was with him at the concert.

She said, “There was a time when a woman’s opinion did not matter. Less than 100 years ago women did not have the right to vote, look how far we’ve come to having voice to being on the brink of history by electing the first woman president.

“But we have to vote. The world looks to us as a progressive country that needs change, I want my daughter to grow up seeing a woman lead our country and know that her possibilities are limitless.”
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Fuel Price May increase to 150 naira per litre

The Nigerian National Petroleum Corporation (NNPC) is contemplating a N150 per litre price for Premium Motor Spirit (PMS) otherwise called petrol. This is as the embargo placed on price increase by President Muhammadu Buhari has worsened planned fuel price hike dilemma for the corporation.

Landing cost of PMS, checks by New Telegraph showed last weekend, has surged to N122.03 per litre, about N4 increase from the specification in the pricing template of the Petroleum Products Pricing Regulating Agency (PPPRA).

This, further checks showed, was responsible for the N4 per litre price hike by NNPC’s mega stations across the country, which hiked their pump price from N141 to N145 per litre.

Some independent marketers, caught in the debacle who were selling at the N145 price before now, have adjusted their pumps to meet up with the market reality.

Further checks by this newspaper showed that seven foreign contractors, including Vitol, Petrocam and Northwest who participated actively in the importation of PMS, have abandoned the contracts.

“The NNPC top notch caught up in this dilemma have approached the president to explain the new market realities to him, but the president refused to hear any briefing on price hike,” a source at the presidency told this newspaper.

“The only option left on the table for NNPC is to push the prices at their stations to the highest point of the price mark.” The source added that the Group Managing Director of NNPC, Dr. Mainkanti Baru would still meet with the president next week to brief him on the possibilities of declaring huge losses by the yearend due to the situation.

“Major marketers like ExxonMobil have exited the downstream while Total is on the verge of its exit. Marketers are running at loss; they are not making profits as envisaged and some of them have adjusted their pumps to accommodate price hike.

In all these, the DPR is helpless because the N145 per litre price is still within the range,” an industry source added. The Group General Manager, Crude Oil Marketing Department of the NNPC, Mr. Mele Kyari, had earlier hinted that the nation’s difficult business environment may make it difficult to sustain the current pump price of petrol.

He spoke at the 10th Oil Trading and Logistics Africa Downstream Week in Lagos, where he also said it was impossible to import products at the current market price, at current fixed foreign exchange rate and recover one’s money.

Marketers that are currently selling below N145/ litre, he said, are doing so because they are not the importers of the fuel. “Because we (NNPC) have taken the heat, and you buy from us you can afford to go to the market and then put a ridiculous price,” he said.

However, Kyari ruled out the possibility of increasing the pump price by the government due to the economic hardship in the country, saying, “it is impossible for this government to announce tomorrow that petrol is about N150.”

“This government cannot sustain it,” he declared, maintaining that this “is the truth. The people will not take that number. But that is why the suppliers now are not importing. It is not about the foreign exchange.”

“We are in subsidy regime absolutely, there is no way you bring product today and take it and sell at N145 and get back your money, and make profit. That is not possible. You can see some marketers saying that fuel is N138.

It is because they did not import. Somebody has taken the heat of the price.” Few weeks before Kyari’s submission, former and present Group Managing Directors of the NNPC had also expressed fears that the current pump price of N145 per litre is no longer feasible.

They said the amount does not correspond with the price-determining components of the commodity and the fluctuations of the foreign exchange rate.

The NNPC had, in its statement, said: “They (the GMDs) noted that the petrol price of N145/litre is not congruent with the liberalisation policy, especially with the foreign exchange rate and other price determining components such as crude cost, Nigerian Ports Authority charges, etc. remaining uncapped.” On the N145 per litre price, Kyari had said:

“We have created a niche market for the forex. We have ring-fenced all forex from the upstream such that those forex will be available at a fixed price; a price that the CBN has agreed. I am part of the people who are involved in making sure that this forex is available.

“I am part of the committee allocating those forex, and I know and I can see some of you here; we gave you forex, but you returned it. And the reason that was given was that the forex was not enough to import.

But the truth is that, that is not the truth. The truth is that if you go to the market today and buy products and land here, that you are required to sell it at N145 max. That is the main reason why people are not importing.

It is not forex; we have addressed the forex issue.” The PPPRA has, however, left its template unchanged for seven months. “Based on 30 Days Moving Average Platts Posted Price for: 23rd April – 23rd May, 2016, the Landing Cost is 122.03 per litre; Total Margins are 18.37; while Total Cost 140.40; and Retail Price Band is between 135 and 145,” the agency said on its website yesterday.

Meanwhile, the NNPC stations have increased the pump price of petrol at its retail outlets by N4 from N141 to N145 per litre.Though the new N145 price remains within the maximum price cap fixed by the Federal Government last May, this is the first time fuel at NNPC’s outlets will be sold at that price.

Hitherto, prices have been hovering between N141 and N143 per litre at NNPC and affiliate stations in major cities and even less at stations in the hinterlands.

The prices have been N141 in last few months until last week when it was raised to N145. Group General Manager, Group Public Affairs Division of NNPC, Alhaji Garba Deen Muhammad, however, said the N4 per litre price hike by NNPC was interplay of market forces. “Marketers can sell between N135 and N145 range price regime introduced in May.

It is simply an interplay of market forces,” he said. The N145 per price at NNPC, a management staff of the corporation said, was to minimise the losses the NNPC will record by the end of the year through its monopoly of importation. Already, the revenue losses recorded by the corporation had hit N35.4 billion in two months, as profits woes rocking the corporation worsened.

The monthly financial and operations report released on the corporation’s website last Thursday showed that the losses were recorded in July and August.

The NNPC stated that the force majeure declared by SPDC, as a result of vandalised 48-inch Forcados export line was a drag to NPDC, its subsidiary, and the overall group performance.

Source: New Telegraph

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